Professional guidance says that revenue recognition should always be considered to be high risk in planning an

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Professional guidance says that revenue recognition should always be considered to be high risk in planning an audit of a company’s financial statements.

a. Identify the activities that affect the revenue cycle.

b. Identify the financial statement accounts normally associated with the revenue cycle.

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Auditing a risk based approach to conducting a quality audit

ISBN: 978-1133939153

9th edition

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

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Question Posted: Sep 22, 2014 08:12 AM

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Professional guidance says that revenue recognition should always be considered to be high risk in planning an

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a The primary activities that affect the revenue cycle include Order taking shipment and ...View the full answer

Auditing a risk based approach to conducting a quality audit

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